NextGenVest's Financial Aid Service Helps Students Navigate Debt

This text-based financial aid service helps students with monetary issues. The NextGenVest app helps students figure out their money matters over text messages. Given high rates of student debt in the United States, this platform could help prevent the problem for new students before things get out of hand.

Dubbed the College Money Mentor, the textual financial aid service offers advice on scholarship opportunities, the loan acquisition process and more. Based in New York, the company hopes its new offering will "maximize free financial aid for students." In addition to reducing student debt in the future, this could also stop cash-strapped students from dropping out due to finance-focused anxieties.

NextGenVest also offers an online financial literacy course that is taught by students to students.